The Luxembourgbased European Court of Justice held a hearing on Thursday concerning a contract for a Hungarian mortgage denominated in foreign currency.

It reviewed details of a case involving a lawsuit won by Árpád Kásler and his wife against OTP bank. OTP asked the Kúria to review the Szeged appeals court’s decision and the Kúria asked for the European court’s position.

Balázs Lehoczki from the European Court press department told the paper that the forum had not made a decision on Thursday.

A decision will be announced, in line with the regular procedure, within three or four months, he added. The opposition Socialists on Friday accused the government of engaging in delay tactics rather than giving genuine help to troubled forex mortgage holders.

The government seems to be placing its trust in a legal settlement, waiting for rulings by the Constitutional Court and the Kúria, Gabor Simon, the party’s deputy leader, said.

Source www.hungarymatters.hu

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